AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION
Signed by Governor
Summary
The legislation amends Rhode Island tax law to add new property tax exemptions for a wide range of nonprofit, religious, educational, veteran and charitable entities. It also revises the definition of corporate net income to include certain federal relief payments and agricultural earnings, and broadens sales‑use tax exemptions for newspapers, school meals, containers, gasoline and manufacturing inputs. The changes take effect on July 1, 2027.
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